Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Backpack against Binance−0.001%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRAMUSDT	1.4369	0.0100	pay 0.0050% / 4h	1h 08m	$20.3M	$27.3M	50x
Short	Backpack GRAM_USDC_PERP	1.4369	0.0100	get 0.0013% / 1h	8m 49s	$53K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BackpackbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → 0.000%: −$0.1
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Backpack: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	3.48 bp	11.6 bp −$12	28.7 bp −$287	402.2 bp −$40.2K	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GRAM/USDC PERP	+0.0033%	1h	1.4490	+0.841%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4379	+0.069%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDTlong	+0.0100%	4h	1.4369	long leg	$20.3M	$27.3M	50x
Bybit GRAMUSDT	+0.0100%	4h	1.4357	−0.084%	$30.4M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	+0.006%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4367	−0.015%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	−0.064%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4368	−0.008%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4363	−0.043%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERPshort	+0.0100%	1h	1.4369	−0.001%	$53K	$16K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4363	−0.044%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4360	−0.064%	$14K	$619K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4360	−0.064%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4387	+0.124%	$7K	$557K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4387	+0.124%	$324K	$600K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4360	−0.064%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4363	−0.046%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4359	−0.070%	$168K	$122K	5x	as long as short
Aster GRAMUSDT	+0.0170%	4h	1.4386	+0.117%	$965K	$118K	50x	as long as short
Hyperliquid GRAM	+0.0198%	1h	1.4380	+0.076%	$35.4M	$7.6M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4340	−0.203%	$1.4M	$238K	50x	as long as short